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_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.webp "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_webinar-person-centered-not-by-chance-thinking-design-with-jack-yates.webp "ArcofMass")
⏲ 46 minutes 46 seconds 👁 68
_panel-discussion-getting-back-to-life-brain-cancer-action-week-2016.webp "Cancer Council Victoria")
_me-and-my-girl-s02-e04-the-kids-are-alright.webp "First broadcast 8th February 1985.<br/><br/>Simon and Ron,the lazy radiator repairs man, swap jobs for the day and Ron amazes Simon by pulling off a deal.<br/><br/>Richard O'Sullivan ... Simon Harrap<br/>Tim Brooke-Taylor ... Derek Yates<br/>Joan Sanderson ... Nell Cresset<br/>Joanne Ridley ... Samantha Harrap<br/>Leni Harper ... Madeleine Dunnock<br/>Joanne Campbell ... Liz<br/>Richard Piper ... Ron<br/>Kate Hardie ... Katie<br/>Peter Hughes ... Squiffy Bagshaw")
_redefine-systems-of-care-124-joanne-lynn-124-npt.webp "Nashville Public Television")
_the-amazing-world-of-gumball-124-anais-and-jamie39s-friendship-124-cartoon-network-uk.webp "Cartoon Network UK")
⏲ 4 minutes 3 seconds 👁 921.5K
_danger-mouse-danger-mouse-s05-e003-tiptoe-through-the-penfolds.webp "Danger Mouse Danger Mouse S05 E003 Tiptoe Through the Penfolds from joanne penfold yates")
_2016-awa-symposium-on-women-in-the-arts-panel-discussion-adventures-in-new-media.webp "americanwomenartists")
⏲ 53 minutes 13 seconds 👁 3.8K
_easy-front-page-for-project-124-antique-border-design-on-paper-124-khata-design-124-youcandraw.webp "YouCanDraw")
⏲ 6 minutes 54 seconds 👁 1.4M
_danger-mouse-danger-mouse-s05-e003-tiptoe-through-the-penfolds.webp "Danger Mouse Danger Mouse S05 E003 Tiptoe Through the Penfolds from joanne penfold yates")
_10-beautiful-border-designs-for-projects-handmade124-simple-border-designs124-notebook-border-designs.webp "Art Studio")
⏲ 3 minutes 13 seconds 👁 1M
_15-border-designs124-all-subject-border-designs124best-simple-and-easy-designs-124project-file-decorations.webp "Be Creative u0026 Artistic")
15 border designs| All subject border designs|Best simple and easy designs |Project file decorations
⏲ 11 minutes 46 seconds 👁 462.2K
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